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that ensued. i'm not the first person to question the government numbers and hopefully i won't be the last. and he references someone who's criticized him a lot, which is rich austin golsby, our guest friday morning after the jobs report. jack mentioned a op ed in "the new york times" back in 2003, and in that piece, goolsbee spells it out. in other words, the government has cooked the books. when people serve manager the military were classified from not in the labor force to employed in order to reduce the unemployment rate. nonetheless, the impact has been the same. he was making the point that there was a jobless recovery that came later because they had notless the unemployment rate rise to the level where it would have been normally. and jack is going to join us at 8:00 eastern. the people that we've had have talked about jack have just pointed out, look, it's at 7.8 for whatever reason. you've got part-time workers. all these census workers call people and find out whether they're working. if you've done anything in the last month, you could theoretically call them part-time. >> if
're at right now. so what you're doing is a government telling you that there will be inflation, we're going to keep interest rates very low. what that does, it encourages corporations to invest. the corporation sitting there with $2 trillion on their balance sheets and what they have to do, they have to invest to create jobs. the government is saying you can leave it there and wait for a disaster, but if you do, it will go down in value 4% every year and, therefore, encourage people to lower the dollar. that makes products worth more. so we're trying to encourage people to build products and plants. >> we had lloyd blankfein and simpson and bowles talking about the fiscal cliff. this is what lloyd blankfein had to say. >> i'd be a buyer of the market. goldman sachs would -- we not only value company, we're a company ourselves. we would be assuming that our business would grow, that companies would be making more acquisitions, more investments, more gfinancings. and we would have to make sure that we could provide those advice and those services. >> what do you make of that? >> i think goldm
, a lot of government jobs added. but for some reason, i've always been told you need 200 to 250 to make a dent. 114 got a 300 basis point drop? it's crazy. and there's a reason -- you know what they're calling people that are saying this. they're calling help truthers. throwing them in with the birthers. >> i don't believe that there was conspiracy to make the jobs number -- >> i know that. and anyone that says that will be called a truther. so you don't say the government's lying. you can't say that. yet if you add in two months more government workers than at any it time since 1948 for the past two months, the government can do -- >> but that goes to his point the u-6 number is -- i don't know if it's more accurate. >> it's broader and takes in to account the part-time workers that don't want to be part-time. they want the full-time job. so it's a broader measure of giving us the breadth of the labor market and the health of it and that's why when i say the unchanged number, i sort of ignored the headline number and didn't think it was that big of a deal. >> normally we'd focus on the
government austerity cuts. pensioners clashed with riot police and burned an eu flag. german chancellor angela merkel is scheduled to arrive in athens at about 6:30 eastern time today for a six hour visit. police banned protests in most of central athens and 6,000 officers are trying to keep control. this is merkel's first stop will greece since the debt crisis kree resulted back in 2009. and carolyn roth will be joining us live. >>> and both president obama and mitt roy in will be in ohio today. voters in the swing state are getting their last chance to register for next month's election. the polls are now all over the map. pew has romney up four points, but gallup says the positive jobs report gave president obama a five point boost. among our guests, ken langone and donald trump. and focusing on issues of foreign policy and national security, we have senator john mccain. and by the way, if you went to sleep early last night, the texans beat the jets 23-17. this win brings the texans perfect record this season to 5-0. we will have more in squawk sports. first andrew has the morning's
as deepening economic recession and limiting the government's policy options to stop the slide. and italy sold 2.9 billion of three year bonds that it no longer issues on a regular basis. that's the top of it targeted amount. kelly evans will join us with more in a few minutes. christine lagarde is calling for urgent action. ties are similar. >> very similar. >> to tackle the european debt crisis and spur sluggish growth. she praised recent steps but said no more needs to happen -- or more needs to happen and faster. the imf and world bank's annual meeting are taking place in japan this week. and the bank of korea is cutting interest rates and growth forecasts, but policymakers are predicting a recovery ahead. yesterday woody i asked him the tebow -- they love these like bloggy looking for conflict, they love the idea that i changed the subject to talk about his tie. woody gave me the tie. not one of these outfits, and i put it on, so we came back in break and i was wearing woody's tie. not a single outfit said, wow, but look, after the break -- they're not smart enough any of these places to
Search Results 0 to 4 of about 5